CEG Constellation Energy Grp. Common Stock

Constellation Energy Names Thayer Managing Director - Corporate Strategy & Development; Responsible for Leading Corporate Strategy Activities BALTIMORE, Nov. 3 /PRNewswire-FirstCall/ -- Constellation Energy (NYSE:CEG) today announced that Jonathan W. Thayer has been named managing director - corporate strategy & development, reporting to Thomas F. Brady, executive vice president - corporate strategy and retail competitive supply. Thayer succeeds Mark Huston, who was recently named BGE's vice president of electric transmission and distribution. In his new role, Thayer will be responsible for strategic transaction analysis and planning. Since 2003, Thayer has served as director - investor relations, responsible for managing Constellation Energy's relationships with shareholders and analysts. "Jack's knowledge of the energy industry and financial markets expertise makes him a great fit as the new leader of our corporate strategy group," said Tom Brady. "He has worked with Constellation Energy's management team over the past two years to plan and execute a strategy for enhancing financial transparency and shareholder value." Prior to joining Constellation Energy, Thayer held financial positions at Deutsche Bank Securities Inc. and SBC Warburg Dillon Read Inc., primarily focusing on mergers and acquisitions and financing transactions within the health care services, medical technology, biotechnology and pharmaceuticals industries. Thayer earned a bachelor's degree in history from Middlebury College and a master's degree in business administration from Harvard University. Constellation Energy, a Fortune 500 company based in Baltimore, is the nation's leading competitive supplier of electricity to large commercial and industrial customers and one of the nation's largest wholesale power sellers. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns or co-owns 107 generating units at 35 locations in 11 states. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. In 2003, the combined revenues of the integrated energy company totaled $9.7 billion. DATASOURCE: Constellation Energy CONTACT: Robert L. Gould (Media), of Constellation Energy, +1-410-234-7433 Web site: http://www.constellation.com/ Company News On-Call: http://www.prnewswire.com/comp/084087.html

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